Chamber Member Spotlight: Wachusett Precision Tool Continues Growth For Near Future
The current COVID-19 hasn’t stopped Wachusett Precision Tool (WPT) from growing, and Michael Carrigan, president of WPT, doesn’t intend on having it slow them down either. WPT has put in the appropriate safety policies as recommended by the CDC, including but not limited to masks, gloves, and social distancing.
Wachusett Precision Tool was created in December 2016 by Michael Carignan and vice president Matthew Saunders. The company was previously Bisson Tool and Die and was purchased in an asset sale. WPT started with eight employees and has grown to twenty-six employees over the past four years.
“Sales have increased from $800,000 in FY2016 to forecasted sales of $4,500,000 in FY2020. This sales growth was enabled by our expanded service offerings that include full mold building and qualification capabilities,” said Carignan.
According to their website, WPT is a full-service provider for medical products, medical device and packaging industries. WPT’s team is experienced in building a full range of prototype, pilot and class 101 production molds.
WPT offers full support through the development cycle of medical products, medical devices and complex packaging solutions. They offer quick-turn prototype solutions and have the capabilities to mold small quantities of parts for Design Verification and Human Factor Studies.
Their team is experienced in building molds and getting them through qualification, validation, and into production. They are more than “mold builders” as many of their key employees have come from the medical device manufacturing industry and have built and validated hundreds of medical molds for manufacturing globally.
“WPT purchased two injection molding machines that allow us to fully sample, debug and qualify all molds prior to delivering to our customers. Our experience with the qualification and validation of healthcare molds is instrumental to our ability to grow sales,” Carignan said.
WPT is currently in the process of purchasing the real estate they presently operate out of, and they expect to close on the purchase before the end of the calendar year. Once they have ownership of the building, they plan on developing plans for an expansion of floorspace that will enable continued growth.
“The most exciting activity for us is the purchase of the building and possible expansion. We have also added new equipment including a vertical EDM, CNC mill and laser engraver, and we have plans for additional equipment in the coming calendar year,” said Carignan.
Medical device and diagnostics contract manufacturer clients should reach out to the ever-growing Wachusett Precision Tool team for their next project. They are located at 830 Westminster Street in Fitchburg, MA. Find out more about WPT at www.wachusettprecisiontool.com or by calling them at 978-343-6443.
